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Bitcoin ETFs See $2.35 Billion in Outflows Over Two Weeks
(22 hours ago) · 1 source · Summarized by CryptoBipto
Spot Bitcoin ETFs in the United States have experienced a total of $2.35 billion in net outflows over a two-week period. BlackRock's iShares Bitcoin Trust (IBIT) has recorded outflows for 11 consecutive trading sessions, marking a notable losing streak for the largest spot Bitcoin ETF by assets.
WHY IT MATTERS
A Bitcoin ETF is a fund that trades on a traditional stock exchange and tracks the price of Bitcoin, allowing people to invest in Bitcoin through their regular brokerage accounts without needing to set up a crypto wallet or use a crypto exchange.
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SOURCES
- cointelegraph.com
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